Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$220,529$220,529$268,200
Remaining term (yrs)24.924.930.0
Secondary amount$0$47,671$0
Funding fee$1,103$1,103$0
Note rate2.870%2.870%7.320%
Blended rate2.870%3.960%7.560%
1st payment$1,030.92$1,030.92$1,842.35
2nd payment$0.00$357.53$0.00
Taxes / mo$84.17$84.17$84.17
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$53.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,265.09$1,622.62$2,130.15
Cash to close$77,471$29,800$29,800